India-Myanmar Investment and Trade Promotion Dialogue held

The India-Myanmar Investment and Trade Promotion Dialogue is underway in Yangon yesterday.

The meeting between members of the delegation led by Mr Shri Vinay Kumar, Ambassador of India to Myanmar and Patron of India-Myanmar Chamber of Commerce-IMCC, and businessmen led by Chairman U Aye Win of Union of Myanmar Federation of Chambers of Commerce and Industry-UMFCCI took place at the UMFCCI on Min Ye Kyaw Swa Road in Lanmadaw Township on 27 February.
At the meeting, UMFCCI Chairman U Aye Win stated that he met a delegation of financial institutions from the Northeast recently and discussed the current economic challenges and opportunities. According to the latest statistical information, India ranks fifth as Myanmar’s Trade Partner, fourth in the largest export destinations and sixth in import sources. India-Myanmar Chamber of Commerce is one of Myanmar’s closest business partners, and trade and business cooperation between the two countries will be increased, he added.
Afterwards, Mr Shri Vinay Kumar replied that Myanmar is an important trading partner of India and India’s export partner as well. He discussed the implementation of solar power projects, continued cooperation between the two countries despite hardships, improvement of the transport sector, relaxation of import licences, construction of infrastructure, matters on rice export, stability of electric power supply, constant availability of raw materials and promotion of India-Myanmar trade and investment.
During the meeting, representatives of both sides discussed subjects of trade, investment and business cooperation between the two countries, the difficulties and challenges encountered. They also reviewed business opportunities of the respective sectors regarding medicines and medical supplies, agriculture, energy, construction and infrastructure, import and export trade policies, and the tourism sector.
The meeting was attended by UMFCCI Chairman U Aye Win and the vice-chairpersons, General Secretary Daw Khine Khine Nwe and joint secretaries, the central executive committee members, businesspersons, IMCC Patron Mr Shri Vinay Kumar, Chairman Mr Naresh Kumar Dinodiya, Vice-Chairpersons Mr Ravichandran Sabarinathan and Mr Rajeev Rawal, Counselor at Indian Embassy Mr R C Yadav and officials. — Myo Min Thura/CT

Share this post
Hot News
Hot News
Myanmar’s agri-produce exports surpass US$1.5B by 12 July
Baby White Elephant thrives with mother
Myanmar students participate in “We Are the BRIDGE Festival 2024” in Japan
2024 Inter-State/Region U-21 Men’s Football Tournament opens
DPM MoD Union Minister speaks at 8th Myanmar National Culture Central Committee meeting
DPM MoFA Union Minister attends Welcome Dinner of 8th China-South Asia Expo & 28th China Kunming Export & Import Fair
DPM MoD Union Minister attends Cultural Heritage Preservation Steering Committee meeting
Clarification by SAC Information Team Leader on handover of duties and functions of Pro Tem President to SAC Chairman for taking measures of National Defence and Security Council
MoFA Deputy Minister receives BIMSTEC Secretary-General during his Introductory Visit to Myanmar
MoSWRR Union Minister receives ICRC Resident Representative